Search Results for keywords:"501(c) organizations"

Search Results: keywords:"501(c) organizations"

H. R. 8314 — To amend the Internal Revenue Code of 1986 to impose penalties with respect to contributions to political committees from certain tax exempt organizations that receive contributions from foreign nationals.
May 08, 2024
Status:Introduced in House
Congress:118
Words:715
H.R. 8314, titled the “No Foreign Election Interference Act,” aims to amend the Internal Revenue Code to impose financial penalties on certain tax-exempt organizations that contribute to political committees if these organizations receive donations from foreign nationals. The...
Simple Explanation
H.R. 8314 wants to make sure that organizations that don't pay taxes can't secretly help people in other countries give money to politicians. If they do, they might have to pay back twice the money, and if they do it more than twice, they could lose their special tax status.
S. 4965 — To amend the Internal Revenue Code of 1986 to make the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,120
S. 4965 aims to amend the Internal Revenue Code to extend certain tax credits to small tax-exempt employers. Specifically, it makes the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to these organizations. The bill...
Simple Explanation
S. 4965 wants to help small non-profit groups save money when they start a retirement plan for their workers, by giving them a special money-saving treat on their taxes. This treat will start after December 31, 2024, and it's like getting a little extra allowance that they don't have to pay back to help take care of their employees.
H. R. 7027 — To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
January 17, 2024
Status:Introduced in House
Congress:118
Words:403
H.R. 7027, known as the "Safeguarding Charity Act," aims to clarify that certain tax exemptions shouldn't be considered as federal financial assistance. Specifically, it amends U.S. Code Title 1 to state that tax-exempt status given to certain organizations under the Internal...
Simple Explanation
In simple terms, this bill wants to make sure that certain tax breaks given to organizations are not considered as money help from the government. It's like saying getting a free ice cream doesn't mean you got a special gift from the ice cream shop!
S. 3604 — To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
January 17, 2024
Status:Introduced in Senate
Congress:118
Words:412
S. 3604 seeks to amend title 1 of the United States Code to clarify that certain tax exemptions are not classified as Federal financial assistance. This bill, known as the "Safeguarding Charity Act," specifically addresses organizations described in sections 501(c), 501(d),...
Simple Explanation
S. 3604 is a bill that says some groups, like charities, don't get help from the government just because they don't have to pay certain taxes. This means their past not having to pay taxes isn't counted as getting help from the government.

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